Jubilant FoodWorks profit dips

Jubilant Foodworks, which owns Domino's Pizza and Dunkin' Donuts in India, has reported a 23.5 percent year-on-year drop in net profit for the March quarter of 2014. The sharp fall in profitability suggests higher input cost and weak discretionary spend by consumers.

The net profit which ended on March 2014 fell to Rs 25 crore as compared to Rs 32.7 crore in the same quarter last year while sales increased 18.8 percent year-on-year to Rs 433.7 crore.